How Will Taxes Affect Your Merger or Acquisition?
Whether you’re selling your business or acquiring another company, the tax consequences can have a major impact on the transaction’s success or […]
New Deduction for QPP Can Save Significant Taxes for Manufacturers and Similar Businesses
The One Big Beautiful Bill Act (OBBBA) allows 100% first-year depreciation for non-residential real estate that’s classified as qualified production property (QPP). This new break is different from the […]
What You Need to Know About Deducting Business Gifts
Thoughtful business gifts are a great way to show appreciation to customers and employees. They can also deliver tax benefits when […]
Year-End Tax Planning for Accrual-Basis Taxpayers
Year-end is a good time to review your business’s expenses for deductibility. Accelerating deductible expenses into this year generally will reduce 2026 taxes and […]
Stop Fraud at the Front Door
Small businesses often rely on a few trusted employees to be the first people customers encounter — not to mention, the primary ones to collect […]
Should Your Business Maximize Deductions for Real Estate Improvements Now or Spread Them Out?
Commercial real estate usually must be depreciated over 39 years. But certain real estate improvements — specifically, qualified improvement property (QIP) — are eligible […]
Treasury and IRS Provide Transitional Relief for 2025 for Businesses Reporting Car Loan Interest Under OBBBA
As appearing in IR-2025-105
On 10/21/25, the Department of the Treasury and the Internal Revenue Service provided transitional guidance […]
There’s Still Time for Businesses to Benefit from Clean Energy Tax Breaks
The One Big Beautiful Bill Act (OBBBA), signed into law July 4, 2025, extends or enhances many tax breaks for businesses. But the legislation terminates several business-related clean […]
2025-2026 “High-Low” Per Diem Business Travel Rates are Here
If you have employees who travel for business, you know how frustrating it can be to manage reimbursements and the accompanying receipts for […]
Tax Traps of Personally Guaranteeing a Loan to Your Corporation
If you’re considering guaranteeing, or are asked to guarantee, a loan to your closely held corporation, it’s important to understand the potential tax consequences. Acting as a […]
